Sugar must hold levels…

Sugar after a strong rally last week has been on slide and what I thought was a completed triangle has yet to complete… for the current count to invalidate we would need to push below the high of 16.82 which is still a ways off. Today's support comes in at 17.33 which could still be a wave 2 intraday but 1705 and more so 1707 needs to hold and reverse. 

Current count is still in play as a w4 triangle but a break of these levels would set up a move to the 16.50 area